Thursday, 9 April 2015

Commodity Market Update (Natural Gas)

Gold and Silver are trading in losses since morning due to stronger US dollar after the release of US FOMC Meeting minutes. Actively traded Gold tested a low of 1192.40 before trading at 1198.30, down around half a percent or 4.80 points while Silver futures dropped a percent or 13 cents to trade at 16.32 after having tested a low of 16.20 an ounce. WTI Crude Oil prices rose on Thursday after the last night’s steep jump in Oil stockpiles and record Saudi Output. Front month Crude Oil futures surged 2.78% or 1.40 points to trade at 51.81 per barrel while Natural Gas is trading at 2.635 with positive bias. Base metals on LME are trading higher since morning with Copper trading at 6043.00, up 37.50 points or 0.62% while Lead is leading the group, added around a percent or 18.50 points to trade at 1939.50 per metric ton.

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